BAT Results Presentation Deck

Modern Oral: Velo continued International leadership* VII VELO Growing Velo revenue faster than volume +37% Velo revenue growth** +10% Velo volume growth BAT Maintaining European leadership in a fast growing category 31.4% -3.4 ppts Velo volume share of Global Modern Oral category* A BETTER TOMORROW 69.2% -30 bps Velo volume share of European Modern Oral category* *** *** * Velo is volume share leader in 4 of the international top 5 (i.e. excluding the US).** Revenue and volume growth versus H1'21. Revenue growth at constant rates. See Appendix A2. ***Share growth versus FY21. For share definitions see Appendix A3. Velo brand represents over 75% of our Modern oral volume. Velo volume share across Top 5 Modern Oral markets: US, Sweden, Denmark, Norway, Switzerland and now excludes Germany. 30

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